Subtract your loan payoff of $73, and rehab cost, and interest charged on the loan over that 5 year period (would be high with only a 5 year term), you couldn't get all your money back.How are you going to do Owner financing on a flip if you have a loan/lien on the property? 

@Lauro TorresYou absolutely do NOT report your profit, unless you enjoy dealing with the IRS letters.You need to report the full sales price, per closing statement, and then correctly subtract everything you put into the property: purchase, rehab, holding, funding, closing etc.

I want to know the net income or the NOI so I can subtract my financing and get a real cash flow estimate. 

. $280,000+$147,000 rehab=$427,000Say I can push the rents up to $900 after improvements, that’s $97,200/yr before subtracting taxes, vacancy, operating costs, etc.How would I find the Cap rate for the area to find out the ARV?

From that number, you will need to subtract the value of the land.

I have tenant initial each provision still and every relevant provision also states tenant is aware any unpaid amounts may be subtracted from the security deposit.

Would I basically calculate the basis for depreciation the same way I normally would for any other purchase, except I would subtract the depreciation basis amount transferred over from the relinquished property?

2 years ago I figured the number for the depreciation on my house,  I subtracted the land value and divided the number by 27.5.  

2 - Now, subtract all of the above as it applies to partners, who are doing all of the above instead of me.Taking the exponential impact as it applies to all of the above, and then...taking the above total and dividing it into the following:1 - Passive income from loans, rentals, Lease Options, Land Contracts, Flips, Partnerships (many different variations here...too many to list), mentoring others, lease agreements, options, etc...the list is longer, but...2 - Active returns from (see list #1 above...and)...Now, take the Incomes #1and 2, and factor in the exponential returns (these are returns where I do nothing...but my money is compounding within the investments).I may have left out something, and if I did I appologize.

Do those subtract?